GAP (GAP) director and 10% owner receives stock units and dividend rights
Rhea-AI Filing Summary
FISHER WILLIAM SYDNEY reported acquisition or exercise transactions in this Form 4 filing.
GAP Inc. director and 10% owner William Sydney Fisher reported compensation-related equity awards rather than open-market trades. On June 30, 2026, he received 9,903 stock units and 1,282.7261 dividend equivalent rights, each economically equivalent to one share of GAP Inc. common stock.
The footnotes explain that each stock unit and dividend equivalent right is immediately vested but represents a contingent right to receive common shares. Actual share delivery is generally deferred until three years from the grant date, unless further deferred, or accelerates upon ending service on the Board.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
FISHER WILLIAM SYDNEY
Role
Director, 10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Dividend Equivalent Rights | 1,282.7261 | $0.00 | $0.00 |
| Grant/Award | Stock Units | 9,903 | $0.00 | $0.00 |
Holdings After Transaction:
Dividend Equivalent Rights — 2,508.621 shares (Direct);
Stock Units — 44,536 shares (Direct)
Footnotes (5)
- F1. Each dividend equivalent right is the economic equivalent of one share of Gap Inc. common stock.
- F2. The dividend equivalent rights accrued on stock units originally granted on June 30, 2023, June 30, 2024, and June 30, 2025, and are immediately vested. Vested shares are delivered to the reporting person no sooner than three years from the date of grant, unless further deferred, or immediately upon cessation of service as a member of the Board, if earlier.
- F3. Not applicable.
- F4. Each stock unit represents a contingent right to receive one share of Gap Inc. common stock.
- F5. Each stock unit is immediately vested. However, delivery of the shares is deferred until three years from the date of grant, unless further deferred, or immediately upon cessation of service as a member of the Board, if earlier.
Key Figures
Stock units granted: 9,903 stock units
Dividend equivalent rights granted: 1,282.7261 rights
Stock units after transaction: 44,536 stock units
+1 more
4 metrics
Stock units granted
9,903 stock units
Grant on June 30, 2026
Dividend equivalent rights granted
1,282.7261 rights
Grant on June 30, 2026
Stock units after transaction
44,536 stock units
Holdings following June 30, 2026 award
Dividend equivalent rights after transaction
2,508.6210 rights
Holdings following June 30, 2026 award
Key Terms
Dividend Equivalent Rights, stock units, contingent right
3 terms
Dividend Equivalent Rights financial
"Each dividend equivalent right is the economic equivalent of one share of Gap Inc. common stock."
Dividend equivalent rights are promises that mirror the cash payments shareholders get from a company’s profits, but they are paid to holders of certain awards (like stock options or restricted stock units) rather than to actual shares. Think of them as a paycheck top‑up that matches dividends while the award is not yet a real stock, and they matter to investors because they add to employee compensation costs and potential share dilution, affecting company profitability and per‑share value.
stock units financial
"Each stock unit represents a contingent right to receive one share of Gap Inc. common stock."
Stock units are individual pieces of ownership in a company, like slices of a pie that together make up the whole business. They matter to investors because each unit represents a claim on the company’s assets, profits and sometimes voting power, and changes in the number or value of these units affect ownership percentages, potential dividends and share dilution — all of which influence an investment’s worth.
contingent right financial
"Each stock unit represents a contingent right to receive one share of Gap Inc. common stock."
FAQ
What insider transactions did GAP (GAP) report for William Sydney Fisher?
GAP reported that director and 10% owner William Sydney Fisher received 9,903 stock units and 1,282.7261 dividend equivalent rights as equity compensation. These are awards, not open-market stock purchases or sales, and are tied to GAP Inc. common stock on a one-for-one economic basis.
Are the new GAP (GAP) stock units and dividend equivalent rights immediately vested?
Yes, both the stock units and dividend equivalent rights are immediately vested. However, share delivery is deferred until three years from the grant date, unless further deferred, or occurs immediately if Fisher stops serving on GAP Inc.’s Board of Directors earlier than that deferral period.
How many GAP (GAP) stock units does William Sydney Fisher hold after this Form 4?
Following the June 30, 2026 awards, Fisher holds 44,536 stock units, according to the filing’s totals. These units each represent a contingent right to receive one share of GAP Inc. common stock, delivered on the deferred schedule described in the accompanying footnotes.
What are GAP (GAP) dividend equivalent rights mentioned in the filing?
Each dividend equivalent right is the economic equivalent of one share of GAP Inc. common stock. They accrue on previously granted stock units and mirror dividends on common shares, with delivery of the underlying shares deferred under the same timing rules as the related stock unit awards.
AI-generated analysis. How Rhea-AI works. Not financial advice.
